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If Consumers Are Willing and Able to Pay a Higher

Question 45

Multiple Choice
If consumers are willing and able to pay a higher price to obtain any particular quantity, then

If consumers are willing and able to pay a higher price to obtain any particular quantity, then


A) demand has increased.
B) supply has increased.
C) demand has decreased.
D) supply has decreased.
E) both demand and supply have decreased.

Correct Answer:

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